Japan Installs Extra Missile Defense After N Korea Threat to Guam

Posted - August 13 201706:56

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Japan Installs Extra Missile Defense After N Korea Threat to Guam

The first Patriot Advanced Capability 3 (PAC-3) system was installed at the Ground Self-Defense Force Kochi base in Konan, Kochi Prefecture, on August 12 with the aim of intercepting North Korean missiles that stray into Japanese territory from the intended target, Guam.

In the escalating war of words with the United States, North Korea has threatened to launch four missiles over Japan to waters around Guam, where a key US military base is located.

Japan's missile defence scheme employs Maritime Self-Defence Force Aegis destroyers to shoot down airborne missiles, and the PAC-3 system operated by the Air Self-Defence Force to counter missiles that evade Aegis interceptors.

The report comes after North Korea said it is "seriously examining" a plan to fire four intermediate-range ballistic missiles over western Japan at a spot some 30 to 40 km off the coast of the island of Guam.

Television footage showed military vehicles carrying launchers and other equipment for the surface-to-air system entering a Japanese base in Kochi before dawn. No PAC-3 units are regularly stationed in those four prefectures.

Tokyo has deployed Aegis ships in the Sea of Japan, and is on alert 24 hours sharing information with the United States.

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Japan has deployed the missile interceptors in the past ahead of other North Korean launches but has never actually shot anything down.

At the time North Korea said it was launching a telecommunications satellite, but Washington, Seoul and Tokyo believed Pyongyang was testing an intercontinental ballistic missile.

He added that he hopes North Korean leader will "find another path." .

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On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros. European stock markets fell further in opening trade on Friday on intensifying fears over North Korea, dealers said.

U.S. stocks also fell, lingering in negative territory the entire session, but notching smaller declines than in overseas markets. Unease over the situation pushed the VIX, a measure of how much volatility investors expect in stocks, up 44.4 percent.

USA equities edged higher on Friday as investors weighed tensions between the US and North Korea heading into the weekend. The Nasdaq and the S&P 500 are rebounding after ending Thursday's trading at their lowest closing levels in a month.

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